Second, thanks to increased longevity, bereaved spouses are outliving their partners for longer than the widows and widowers of yesteryear. |
They also want to maintain their lifestyle, they want to have a guaranteed income, and they are worried about outliving their money. |
Advisors can help clients consider the implications of outliving a spouse by many years or having a beneficiary predecease the insured. |
This erodes capital even faster, thereby running the real risk of outliving the plan. |
Do you want to be worrying about market downturns, having enough funds to support your lifestyle, or outliving your money? |
That may not please some feminists, but it could be the price women have paid for outliving their menfolk. |